@scott_mcgillivray: Capital gains tax in Canada now in effect. What does this change mean for #realestateinvesting? #capitalgains #capitalgainstax #investing #realestate

Scott McGillivray
Scott McGillivray
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Region: CA
Tuesday 25 June 2024 16:26:02 GMT
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the1661crew
D'Brickashaw&Jaimita 🇨🇦 :
So rich people pay slightly more.
2024-06-25 19:37:02
79
ami2468iam
A MI641 :
Gov is garnishing more money from hardworking people and we’ll continue to see such waste and mismanagement cause it’s not their money.
2024-06-28 01:10:03
7
saucesensei604
Saucesensei604 :
So does that make it okay???!!! NOT!
2024-07-07 00:43:39
0
marnw815
marnw815 :
Good. So people using housing as an investment pay more. Maybe opens up more housing for those that need a place to LIVE
2024-07-01 13:29:22
23
9875356kk
Greens :
If this tax is then used to improve social services like health care, housing and education. Then I’m for it.
2024-06-27 20:36:33
24
paulead
Paul Ead :
You act like 9% is a small amount????
2024-06-28 05:07:35
0
shellyknaus23
ShellyKnaus :
Should not have to pay any capital gains more govt robbery
2024-06-27 18:54:49
3
weiser_world
Mike Weiser🇨🇦🍁 :
It's still more tax, and it's another government overreach.
2024-06-28 05:13:52
2
usera7v7dd8xoa
Court🇨🇦 :
I think if they would have increased capital gains tax while simultaneously reducing everyone’s income tax it would have been a lot more popular.
2024-06-28 05:27:53
0
tccaretaker
tccaretaker :
Stocks and bonds as well
2024-06-26 00:12:02
4
ev.scott21
Evan 🇨🇦🇨🇦 :
It’s not gonna affect me, but my beef with it is that it’s just gonna fund more beuracacy and not actually go towards anything useful
2024-06-30 23:08:54
1
.kylebryan
KyleWilliam :
Amount of people crying about this tax who would never even make $250,000 income in a year is crazy
2024-06-25 18:31:49
12
guevin8
nathaniel guévin :
Basically it’s a tax that forces the 1% to pay their share. Most Canadians (99%) won’t be affected. If you are against that, it means that your asking for more taxes for middle class
2024-06-25 18:23:27
8
billbuck2
B B :
It's just the Poilievre cult members running their mouths.....Thanks for your clarification.
2024-06-25 19:54:02
8
j_g_smith
J_G_Smith :
It’s still gonna drive out more investment from Canada and the rich will find loopholes anyways. It’ll drive out more doctors and their practices to the states. This guy AND Trudeau are morons.
2024-06-25 20:44:45
2
dingring62
DingDong62 :
The fact that we’re arguing about new taxes is all I need to hear. How about NO new taxes. Why didn’t they reduce spending somewhere else and reduce taxes to the working class. Liberals just wont
2024-06-29 12:52:32
0
bruins190
R :
He’s a liberal supporter
2024-06-25 18:12:56
3
everyonesuxcks
everyonesuxcks :
if Scott has all his assets in his personal name I would be surprised. they would be in a corporation. for liability. he will be taxed on every dollar of gain. 250000 doesn't apply.
2024-06-25 18:13:18
1
boredtuna471
DBL :
Friend of Justin Trudeau? Where is the tax increase going, exactly? What program or what exactly?
2024-09-01 05:32:14
0
conspiracy2020
Pioneer1959 :
It’s still an increase that wasn’t necessary period.
2024-06-27 22:07:35
35
mr..c50
Mr. C :
Most people will never incur this. If you are wildly fortunate enough to ever pay more, that’s still a lower tax rate than people who earn way less. And it’s still lower cap gains than we had recently
2024-06-28 10:13:50
11
dchurch74
Dchurch74 :
If you’re taxed at an 18% rate, and you get hit with that additional 9%, that’s a 50% increase on what your obligation was.
2024-06-25 21:08:06
10
02_23334956
02-23-33-49-56 / 26 :
I don’t know anything about math or taxes, or own anything, but I don’t like this tax!
2024-06-27 15:58:31
5
dancantin01
Dan 🇨🇦🇨🇦 :
I hope the employees of the National Post, The Sun, etc are watching this, so they can stop spewing off end of the world misinformation 🙄
2024-07-01 13:52:24
3
robo119
Rob Ouimet958 :
It means you inflated the dollar so high that you can reap large swaths of revenue off the average taxpayer in the mask of taxing the wealthiest.
2024-06-26 03:23:52
3
fawnturcotte
fawnturcotte :
plain and simple it's still just another tax grab from the Liberals ..we pay enough taxes ...enough already
2024-06-25 18:42:56
3
karmacat19
Apple User882449415 :
Will never get used to rich people not wanting to pay their fair share. People can’t afford groceries but paying tax on extra properties is an outrage😳
2024-07-04 00:14:56
2
ryand1978
Ryan :
booooo whooooooo poor rich people have to pay more tax enstead of the people who can't even buy food or pay their mortgages
2024-06-28 00:59:20
2
carolgardiner7
carolgardiner7 :
Sooo if you have a second property and you renovate ( out of your own pocket) and then sell you are taxed at a higher rate regardless of how much for your efforts. It is not justified.
2024-06-27 21:31:43
2
tjparkin11
TJParkin11 :
Good! The idea of housing being a great investment and not a necessity is why housing costs have become outrageous to begin with!
2024-07-03 21:10:17
1
skiharderman
OakPine :
Oh boy.
2024-07-01 23:50:32
1
sirspatulaesq
Shawn Teahen :
Rich people crying they still pay less then the rest of us is peak facism
2024-07-01 16:54:04
1
badgergirl3
badgergirl3 :
Bottom line Canadians are taxed to death. Enough already.
2024-07-01 15:06:49
1
dewest76
dewest76 :
Finally, someone explaining it properly!
2024-06-29 23:54:22
1
chrissychilds990
chrissychilds990 :
𝔠𝔞𝔭𝔦𝔱𝔞𝔩 𝔤𝔞𝔦𝔫𝔰 9 % 𝔱𝔞𝔵 𝔬𝔟𝔩𝔦𝔤𝔞𝔱𝔦𝔬𝔫 𝔣𝔬𝔯 250,000 𝔡𝔬𝔩𝔩𝔞𝔯𝔰 𝔞𝔫𝔡 𝔬𝔳𝔢𝔯 ! 𝔬𝔲𝔱𝔯𝔞𝔤𝔢𝔬𝔲𝔰 !!!!!
2024-06-28 14:03:41
1
omegap
OmegaP :
Good, should be higher
2024-06-28 06:38:17
1
canada_wide
Canada wide :
He probably made big $ on house flipping on Trudeau flood of people . I’m sure a. $1k dinner with Trudeau is well worth $100k in extra $ to him
2024-06-25 18:50:47
1
bodyrockplus.com
BodyRockPlus :
How about we start wity 50% is already theft. This money was all previously taxed multiple times. We are not a tax crop. We are human beings.
2024-06-25 18:38:49
1
michaelgibbons782
mick :
😳😳😳
2024-06-25 18:19:21
1
margotyoung635
Margot 🇨🇦 🏴󠁧󠁢󠁳󠁣󠁴󠁿 :
Translation is... Example I bought for 67000 30 yrs ago I sell for 490,000 answer was ...and now it will be.....
2024-09-11 08:57:26
0
whydidijointhisthingffs
Bored2Death :
9... meh
2024-09-09 05:05:18
0
duffy3524
Duffy 🇨🇦 :
An absolutely reasonable increase. I have investment properties and this will affect me - but it makes a lot of sense and is actually pretty fair.
2024-07-29 01:48:41
0
janeck27
Knightsfan :
Freeland kept saying it was to make the wealthy pay more than the lower income ppl. Then the govt could use that money for their social causes. What’s wrong with the money they already take? Who pays
2024-07-23 06:58:06
0
donaldharrison6
Donald Harrison :
mob what you gonna do.
2024-07-22 15:51:25
0
vqui1730
vqui1730 :
Holding companies starts at 1$
2024-07-22 14:59:36
0
stolltoumvu
Tray 🇨🇦 🇺🇦 :
Should not have to pay increased tax when I put in the risk.
2024-07-18 02:05:28
0
roscopeekotrain
Roscopeekotrain :
Carbon tax increase each year until 2030 and now this. What next???
2024-07-17 02:31:00
0
roscopeekotrain
Roscopeekotrain :
When l googled the increase it stated 66.67% over 250k. That's where they are getting 17% increase from.
2024-07-17 02:25:00
0
annette.miller16
Annette Miller :
all about the money
2024-07-13 14:20:59
0
starkravingchad3
starkravingchad :
What I hear is take from me and then give to Ukraine…..no discussion. No option…just taking it. I call that theft
2024-07-11 20:57:23
0
freestone8888
Chris :
Small Business pay the 66 percent rate on everything...God Canadians defending tax increases of any kind blow my mind
2024-07-08 00:43:30
0
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